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TENCENT HOLDINGS LTDTT

TENCENT HOLDINGS LTD

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My 2 Cents on TencentTencent Holding - Short Term - We look to Sell at 65.50 (stop at 69.00) Preferred trade is to sell into rallies. Trading within a Bearish Channel formation. 65.00 continues to hold back the bulls. The 200 day moving average should provide resistance at 67.00. Previous resistance located at 65.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 65.00, resulting in improved risk/reward. Our profit targets will be 55.00 and 52.50 Resistance: 65.00 / 68.00 / 70.00 Support: 55.00 / 50.00 / 45.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
OTC:TCEHYShort
by Saxo
Tencent... is it good to bottom pick now?My Humble Opinion on Tencent Currently, the price is in the consolidation zone. Note that the "consolidation" process is a neutral term. It does not have a bullish or bearish bias. It just means that there are BOTH buyers and sellers interested within that narrow range. Hence there is a lot of transactions for a long period. Over a period of time, either the sellers will run out of interest or the buyers will. When this happens, the price will move accordingly. Given that the primary uptrend is still intact, we can safely assume a small bullish bias on this consolidation. This does not mean that price will be 100% supported. It just means that the chances of price going up are slightly higher. Should the price falls below 400 into the Bear Territory, traders will need to get the hell out. Value Investors might need to relook at the fundamentals before blindly averaging down. If the price heads up after the consolidation, we will expect some form of selling pressure at 525 to 580. So do not expect a sharp recovery. If I am looking to trade this, I will not touch Tencent until the price can recover above 600 (Bull Territory) On the other hand, Value Investors may continue to pick up these stocks during this consolidation phase IF this company is aligned with your investment goals (certainly not aligned with mine) Personal Verdict: Stay the hell away!
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by NimbusCapital
1
TCEHY: 200 Day Moving Average ResistanceTencent Holding - Intraday - We look to Sell at 65.30 (stop at 68.70) Preferred trade is to sell into rallies. Trading within a Bearish Channel formation. 65.00 continues to hold back the bulls. The 200 day moving average should provide resistance at 67.00. Previous resistance located at 65.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 65.00, resulting in improved risk/reward. Our profit targets will be 54.60 and 52.20 Resistance: 60.00 / 65.00 / 70.00 Support: 55.00 / 50.00 / 45.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
OShort
by Saxo
700 (HKEX) - Another idea that slap youHello, if you are the true investor, someone who has big amount of cash to invest in stock, absolutely u will reasearch for big market cap stock which can give you more stability and also gain. At the long term, we can see that tencent is bullish, so it give more opportunity to keep you safe even you are enter in wrong time. so what is the idea now : 1. We need to see, what is the indication that show if the bearish already stop and the trend will changing 2. if you are long term investor, this time is best to do research for buying preparation If you have more data, not only about fundamental but also list of stock holder, broker summary, u will make sure it is time to buy or still waiting. But the chart really nice If you have any question, feel free to send us message. ALL is FREE NB : Not Financial advise
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by MultiAssetX
Tencent Analysis 25.11.2021Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button. Thank you for watching and I will see you tomorrow!
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by basictradingtv
3
Last chance to get Tencent at $500... train is leaving soon.....In the 1H chart, we can see a very nice triple bottom and also a sloping up trend forming slowly. The resistance at around 500 dollars have met with resistance thrice and the fourth time , it was a false breakout , bringing the price to 440 before it rebounds again. Now, is the time to get in to this great company at 500 dollars before it starts its uptrend move again...... As usual , please DYODD.
HLong
by dchua1969
3
Tencent's Profit Down 2% YoY for the First Time in 10 YearsThe drop was a result of regulatory crackdowns on media and restrictions on teenagers' gaming time. Despite enhancing its parental control policy and constrained gaming time for teenagers (from 6.4% in Q3 2020 to 0.7% in Q3 2021), Tencent saw its domestic gaming service revenue increase by 5% and 20% for the overseas markets. However, Tencent's top moneymaker – mobile gaming – has seen its growth slow down for three consecutive quarters. A series of media crackdowns in China has been influential on Tencent's advertising income. The YoY revenue grew only 5% due to the political impact on industries, such as education and insurance. In addition to the latest regulatory change, media advertising revenue primarily from the Tencent news app has dropped 4%. Meanwhile, Tencent's free cash flow decreased by 14%.
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by EqualOcean
Tencent Music Sees Rise in Revenue - Q3 2021 Financials ReleasedOnline music paying users jumped 37.7% to 71.2 million from a year earlier, while the figure increased by 5 million from the prior quarter. The total revenue of Tencent music in the third quarter was CNY 7.81 billion, an increase of 3.0% over the same period. The net profit was CNY 1.06 billion, a decrease of about 35% over the same period. The financial report also pointed out that in the first three quarters of 2021, the total revenue of the firm was CNY 23.63 billion, an increase of about 13.5% over the same period last year. The revenue from online music services was CNY 2.89 billion, a year-on-year increase of 24.3%. The revenue from music subscription services was CNY 1.9 billion, a year-on-year increase of 30.2%. This growth was due to the record number of online music paying users, reaching 71.2 million, a year-on-year increase of 37.7%. The revenue from social entertainment services and other businesses was CNY 4.92 billion, a year-on-year decrease of 6.4%. Tencent music said that this was due to the temporary loss of some mild users to other pan entertainment platforms, resulting in a year-on-year decrease in the company's online music and social entertainment Mau. The results come amid a regulatory crackdown in China on sectors from tech to education and property. The company's parent, Tencent Holdings, said in August it had ended all exclusive music copyright agreements after regulators barred it from such deals.
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by EqualOcean
JICPT| Tencent likely to retest the gap zone again ahead EarningHello everyone. Two months ago, I've published a post titled ' Tencent completed retest, ready to challenge gap! '. Yep, I'm right about the challenge, however, it failed to firmly close above the grey zone. Now, I'd like to revisit Tencent again as the earning repor t is coming out 6 days later. Let's have a look at the daily chart. Firstly, the uptrend line has been respected well with higher high structure created. The problem is that it failed to retest the previous high formed in the grey gap zone area. So it may face selling pressure above $500. Let alone the coming down long-term moving average lines in red color. I guess Tencent will consolidate for a while before the earning report. The possibility of taking out the recent high is very low. If the report is better than expected, buyers is likely to be excited to rush in and push the price conquer the grey zone. Let's wait and see.
HLong
by JICPT
Tencent Meeting Held 4 Bn Meetings in 2020, Hit 200 Mn UsersThe outbreak of COVID-19 in 2020 damaged many sectors. The videoconferencing market was among the winners. Tencent Meeting (global version – VooV Meeting) took its second mover advantage and tightly followed its global counterpart – Zoom. Released in late December of 2019, Tencent Meeting, although coming out seven years later than Zoom, has now become the most used video conferencing app in China. According to Tencent's vice president Yuepeng Qiu, Tencent Meeting now attains (source in Chinese) 200 million users and held more than 4 billion meetings in 2020. At the time Tencent Meeting was presented, no one could predict its future impact in China. From its bare-bone functionalities and dated UI in earlier versions (even today 26% of its user ratings are 1-star), we could speculate that this app initially wasn't the tech giant's top priority. Resulting from its unexcepted success, Tencent Meeting now joins the Tencent enterprise services ecosystem. The following months will see more integration between Tencent Meeting and Enterprise WeChat.
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by EqualOcean
Tencent Preparing New Gaming Studio to Facilitate MetaverseTencent is looking to prepare for the next stage of internet games with a new studio that focuses on metaverse. Tencent Holdings is assembling an international team for its new gaming studio that will be under TiMi Studio Group, a subsidiary of Tencent. Rumor has it that the company sent out an internal letter indicating the establishment of new 'F1'. According to the company's official career page, there are also over 40 new positions available for the new studio. While a representative of TiMi said on Wednesday that the company is dedicated to developing AAA games and does not focus on 'metaverse', a company employee said that the new studio is essentially about the metaverse and development of metaverse-like games. Despite the officials' attempts to try to stay off the topic of the 'metaverse', Tencent's record shows that the company had filed to register numerous metaverse-related trademarks, including 'Kings Metaverse', 'QQ Music Metaverse', and 'QQ Metaverse'. Tencent currently runs the largest video gaming business by revenue. The company owns Riot, which has hit games like League of Legends and Valorant. In addition, TiMi, Tencent's subsidiary, generated over USD 10 billion last year with popular games like Honor of Kings and Call of Duty: Mobile. This article was first published by ChineseAlpha.
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by EqualOcean
Tencent Holding (TCEHY) needs to break above $73.13 to resume upTCEHY has been on a medium term downtrend since 030521 since the short signal issued at $78.60. The long term charts is still long from 010620 at $56.70. A break above the weekly supertrend resistance at $73.13 may resume the uptrend supported by a long signal on the day charts at $62.70 on 071021 Long Term UPTREND since 010620 Medium Term DOWNTREND since 030521 Short Term BASEFORMING since 071021 PIVOT 73.13 Short positions below 73.13 for 59.60 and 41.26 Long positions above 73.13 for 99.40 and new ATH
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by gekkohot
China: Where is the bottom? Let's look at Tencent Some reasons why we're probably near a bottom with Chinese equities, +/- 10-20% 1) Since 2013, price has consistently respected the trendline - no different than a standard demand curve in economics. Trendlines are demand for price over a period of time and they work best when price revisits them often and shown to bounce after. 2) We also have the 200 week moving average that supported price during the correction of 2018 (President Donald Trump's trade war with China & the slowdown in global economic growth / concern that the Fed was raising interest rates too quickly) - The 200wma also supported price during the Covid meltdown of 2020. 3) 2018 and 2020 resistance is now structure support + notice the gap that was just recently filled during yesterday's waterfall decline. 4) Tencent has retraced about 76% from the former impulse low to high, which is a standard deep retest in a correction (61.8% - 76% on the deeper end). 5) FXI is the Chinese large cap ETF - notice it hit the 200 Month moving average and bounced. You could see that here: No position yet, but may be interested in LEAPS. Easier trades out there IMO... but if holding, this is definitely not a place to sell. Expect chop and time to base. V shape recovery is also possible here (but unlikely in my view due to sentiment damage and headline risk). GL
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by Lanmar
7
Are you doubling down on Tencent or freak out and sell ?Read article here One of the most frequent stock I was asked this week by my followers (sorry if I did not answer your PM as early as I wanted to). The way I look at it is like this - if you bought during June 2020 and hold till now, you probably see all your profits evaporated and hated yourself for not selling earlier. Yes and no. Yes because you could buy back now (assuming price stabilised at this support zone and PROVIDED you have the ability to fortell the market). If not, then do not be too hard on yourself. Nobody can time the market all the time and that is why when price becomes irrational and overselling is done by frenzy selling, it becomes an opportunity to value investors like us. That is if you hold a long term view of this company and believe in its growth story. In fact, I was looking at the paltry returns that my kids had in their bank accounts. After 10 years , it is miserable. So, I decided yesterday to open a new brokerage account and will start to buy fundamentally sound companies to invest and use this as a form of long term savings for them. Again, do not follow my style if you are not comfortable ,I am merely sharing what works for me in my circumstances. I do not know yours and will not advise if you should follow as well. So, please take it as a form of reference only . If this stock does move up to its previous peak price at 764, then at current price, it is more than 36% discount, which does not come by often. Short term volatility may still exist , not just for this China tech stock but the industry as a whole. Instead of worrying what else will the central government do next or when the market will truly bottom (I spent countless nights in the past trying to find the Holy Grail only to be disappointed), I prefer this method as it offers me time flexibility (no need to keep worrying if the price drops further) or constantly monitor the price. Hope this offers some form of help to those who are holding on to this stock and those who intend to get in.
HLong
by dchua1969